We are cashless at the gate. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Six Flags (SIX) Expected to Beat Earnings Estimates: What to Know Ahead Reference is made to a more complete discussion of forward-looking statements and applicable risks contained under the captions "Cautionary Note Regarding Forward-Looking Statements" and "Risk Factors" in our Annual and Quarterly Reports on Forms 10-K and 10-Q, and our other filings and submissions with the SEC, each of which are available free of charge on the companys investor relations website at investors.sixflags.com and on the SECs website at www.sec.gov. I believe it's 3000 points to redeem a bring a friend ticket. Afterward, it was changed and renamed to the current version of the attractionYosemite Sam and the Gold River Adventure, until a flood caused the ride to be shut down for almost two years. Learn more about our park safety protocols and procedures such as new cashless payments. Join us for Opening Weekend, March 19 & 20. Capital expenditures, net of property insurance recovery (capex) represents cash spent on property, plant and equipment, net of property insurance recoveries. SIX FLAGS and all related indicia are trademarks of Six Flags Theme parks, Inc.TM; 2022. Hurricane Harbor at Six Flags New England re-opens for the 2022 season. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. The most recent figure published by an industry analyst group was from the 2021 AECOM Theme Index report, which estimated Six Flags Great America had 2,675,000 visitors in 2021 -- 19th place among North American theme parks. Weighted-average common shares outstanding: Net income per average common share outstanding: (Amounts in thousands, except share data), Prepaid expenses and other current assets, Intangible assets, net of accumulated amortization of $278, $261 and $255 as of October 2, 2022, January 2, 2022 and October 3, 2021, respectively, Accrued compensation, payroll taxes and benefits, Common stock, $0.025 par value, 280,000,000 shares authorized; 83,152,582, 86,162,879 and 85,981,788 shares issued and outstanding at October 2, 2022, January 2, 2022 and October 3, 2021, respectively, Accumulated other comprehensive loss, net of tax, Total liabilities and stockholders' deficit. 2022 | Six Flags Wiki | Fandom As a result, these non-GAAP financial measures as presented may not be directly comparable to a similarly titled non-GAAP financial measure presented by another company. Six Flags Over Texas confirmed . Six Flags has been quickly executing to improve the guest experience, improving ride throughput by increasing ride uptime and implementing single rider lanes on busy days; improving staffing and training of our team members; upgrading our park appearance, including our front gates, restrooms and restaurants; providing better food quality; and offering more guest amenities such as benches, shade structures, and childrens areas, said Selim Bassoul, President and CEO. The most recent new attraction at Hurricane Harbor water park next door was when Tsunami Surge, an 86-foot-tall water coaster dubbed the tallest of its kind in the world, opened in 2021. Deferred revenue was $185 million as of April 3, 2022, a decrease of $60 million, or 25%, from April 4, 2021. Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. The call is accessible through either the Six Flags Investor Relations website at investors.sixflags.com or by dialing 1-855-889-1976 in the United States or +1-937-641-0558 outside the United States and requesting the Six Flags earnings call or conference ID 3749243. An investor conference call will follow beginning at 7:00 a.m. Central Time. A replay of the call will be available on the companys investor relations site https://investors.sixflags.com. We use certain per capita metrics that are non-GAAP measures of the performance of our business on a per guest basis and believe that these metrics provide relevant and useful information for investors because they assist in comparing our operating performance on a consistent basis, make it easier to compare our results with those of other companies and our industry and allows investors to review performance in the same manner as our management. 2022 announcements : sixflags 6 Posted by u/sam_00F 9 months ago 2022 announcements QUESTION Will six flags release one of those "whats new to six flags 2022" official announcement videos this august like they do every year (even tho they didn't do one last year)? View source version on businesswire.com: https://www.businesswire.com/news/home/20220512005303/en/, Stephen Purtell When reviewing a non-GAAP financial measure, we encourage our investors to fully review and consider the related reconciliation as detailed below. All rights reserved. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Comparable periods are January 1 through April 4, 2021, compared to January 3 through April 3, 2022, resulting in three additional days from January 1 through January 3 in 2021. Document. Press Releases 2023 - Six Flags The increase in operating days was offset by a visitation shift of approximately 200 thousand guests from the first quarter to the second quarter 2022 due to the later timing of the Easter holiday, which caused some schools to schedule spring-break vacations in the second quarter of 2022 versus the first quarter in 2021. For more information, please see our April 22 . Date. "Adjusted EBITDA," a non-GAAP measure, is defined as Modified EBITDA minus the interests of third parties in the Modified EBITDA of properties that are less than wholly owned (consisting of Six Flags Over Georgia, Six Flags White Water Atlanta and Six Flags Over Texas). [1] Due to the COVID-19 pandemic, some rides planned to have opened in 2020 were delayed to 2022 or later. At 7:00 a.m. Central Time today, November 10, 2022, the company will host a conference call to discuss its third quarter 2022 financial performance. Prices, operating schedule and park policies are subject to change without notice. SAN ANTONIO-- ( BUSINESS WIRE )-- Six Flags Fiesta Texas ,The Thrill Capital of South Texas, today announced details on the new ESIX Gaming powered by Coca-Cola. Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. Processing fees apply to online orders. Here are some North Texas water parks set to open next month. Six Flags parks are located to serve each of the top 11 designated market areas as identified by A.C. Nielsen Media Research, and serves 145 million people in a 50 mile radius, and 250 million . Privacy Policy. Date. Currently there's a $29.99 but I'm not sure if this applies to all parks. We have finally returned to Six Flags Over Georgia, and quite a bit has changed! Six Flags Great America guests ride on Superman: Ride of Steel at the Gurnee amusement park. Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America guests enter the line for the Maxx Force ride in Gurnee. The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. Six Flags Announces Pricing of $800 Million of 7.250% Senior Notes due The call is accessible through either the Six Flags Investor Relations website at investors.sixflags.com or by dialing 1-855-889-1976 in the United States or +1-937-641-0558 outside the United States . Although Splash Dayz will be closed Mondays, the park will be open for Memorial Day on May 29 from 11 a.m. to 8 p.m. NRH2O Family Water Park will be open for weekends only starting May 13 from 11 a.m. to 6 p.m. before opening for the season May 27. The ride is steampunk-themed and is based on Dr. Diabolical's plan of keeping her creatures during Fright Fest eternal, hence the creation of the "Cliffhanger . For more information, please see our The income per share was $1.39 compared to an income per share of $1.80 in third quarter 2021, driven by lower revenues partially offset by a reduction in expenses. The park this morning announced that . We believe that these non-GAAP financial measures provide important and useful information for investors to facilitate a comparison of our operating performance on a consistent basis from period to period and make it easier to compare our results with those of other companies in our industry. +1-972-595-5180 The higher In-park spending reflects the companys in-park pricing initiatives. Senior Vice President We have reoriented our culture to prioritize the guest in everything we do, and we fundamentally believe this will drive significant and sustainable long-term earnings growth., (Amounts in millions, except per share data), Net loss attributable to Six Flags Entertainment, Total revenue for first quarter 2022 increased $56 million, or 68%, compared to first quarter 2021, driven by higher attendance and guest spending per capita. The higher In-park spending reflects the companys in-park pricing initiatives and positive consumer spending trends. The technical storage or access that is used exclusively for statistical purposes. Jeffrey Siebert (@jeffrey_siebert) December 10, 2022. The market expects Six Flags (SIX) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2023. Harry Styles' Next 'Harry's House' Single Announced - Billboard Six Flags Over Texas Announces Two New Rides for 2022 The parks hours from Monday through Thursday will be 11 a.m. to 6 p.m. Hawaiian Falls water parks in Mansfield and Roanoke will open to the general public on weekends starting May 13 before opening for the season on Memorial Day weekend. Prices, operating schedule and park policies are subject to change without notice. "We are always considering how to provide an elevated guest experience year over year," said spokeswoman Rachel Kendziora. Manage all your favorite fandoms in one place! The new ride would be a dual-tracked, launched roller coaster called "Robin & Superboy: The Escape", featuring linear induction motor (LIM) technology for its launch system. In addition, due to the adoption of a fiscal reporting calendar commencing January 1, 2021, there were three fewer days in the first nine months 2022 compared to the first nine months 2021, which accounted for 89 thousand additional guests in the first nine months 2021. Press Releases 2022 - Six Flags Snake season in North Texas is here. The following tables set forth a reconciliation of net (loss) income to Adjusted EBITDA for the three-month periods and twelve-month periods ended April 3, 2022 and April 4, 2021: Third party interest in EBITDA of certain operations (4), Capital expenditures, net of property insurance recovery (5). Kid Flash: Cosmic Coaster (Six Flags Fiesta Texas), Batman: The Ride (Six Flags Fiesta Texas), Superman: Tower of Power (Six Flags St. Louis), Six Flags Great America Entertainment Village, Screampunk District (Six Flags Magic Mountain), World's Largest Ride - American Coaster Enthusiasts (ACE)., Holiday in the Park Drive-Thru Experience, Hurricane Harbor at Six Flags Darien Lake, https://www.iaapa.org/news/funworld/remembering-hank-salemi-six-flags-great-america, https://www.narcity.com/fr/montreal/la-ronde-donne-des-nouvelles-de-la-montagne-russe-vipere-qui-devait-ouvrir-en-2020, https://twitter.com/jeffrey_siebert/status/1498836739053531143, https://www.aceonline.org/page/largestride, Do Not Sell or Share My Personal Information. Net debt as of April 3, 2022, calculated as total reported debt of $2,631 million less cash and cash equivalents of $252 million, was $2,379 million. They still have BAF discounted days. ARLINGTON, Texas--(BUSINESS WIRE)-- In addition, the instruments governing our indebtedness use Adjusted EBITDA to measure our compliance with certain covenants and, in certain circumstances, our ability to make certain borrowings. In a surprise December announcement, Six Flag Fiesta Texas revealed it would open the first "P'Sghetti Bowl" coaster model from Skyline Attractions. The decrease was primarily due to the deferral of revenue in the prior year period from guests whose benefits were extended from 2020 into 2021 due to the pandemic. Six Flags Over Texas will make over one of its classic dark rides for 2022. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. April 9 Six Flags New England re-opens for the 2022 season. The company had a net income of $116 million in third quarter 2022, compared to $157 million in third quarter 2021. At 7:00 a.m. Central Time today, May 12, 2022, the company will host a conference call to discuss its first quarter 2022 financial performance. About Six Flags Entertainment Corporation. Maxx Force debuted in July 2019 and remains the park's newest roller coaster. Remember to buy your parking online before you visit. Six Flags 2022 Announcement Video (Unofficial) - YouTube The main announcement: Pirates of Speelunker Cave, isa re-imagined boat-like ride that will place guests squarely in the middle of a pirate treasure hunt thwarted by resident Speelunkers. This will open in early 2022. Six Flags Magic Mountain Announces RMC Raptor for 2022 - Theme Park Insider Six Flags New England Teasing Announcement Tomorrow SeaWorld San Antonio Has Limited Time Annual Pass Offer News Update: 2/26/2023 - The decrease was primarily due to lower unit sales of season passes and memberships. During the second quarter 2021, the company received $11.3 million related to one of its terminated international development agreements in China. Revenues and expenses of international operations are converted into U.S. dollars on an average basis as provided by GAAP. Three existing rides were adapted to the new theme. 2022 announcements : sixflags - Reddit By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Will six flags release one of those "whats new to six flags 2022" official announcement videos this august like they do every year (even tho they didn't do one last year). Based on data provided by the village of Gurnee, the 2021 and 2022 seasons were close to pre-pandemic levels. During the unprecedented last four months, at a time when uncertainty and . Here at Theme Park Tourist, we pride ourselves on giving you the news, we love keeping you up to date with all the latest announcements from your favorite theme parks across the world. The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. Processing fees apply to online orders. The company had net income of $96 million in the first nine months 2022, compared to $132 million in the prior year period. Six Flags' NEW For 2023 Coasters MIND BLOWING - YouTube We believe that Modified EBITDA provides relevant and useful information for investors because it assists in comparing our operating performance on a consistent basis, makes it easier to compare our results with those of other companies in our industry as it most closely ties our performance to that of our competitors from a park-level perspective and allows investors to review performance in the same manner as our management. 07/14/2022. This state-of-the-art esports competitive gaming campus is complete with the newest high-tech equipment and the industry's biggest titles, providing an unmatched gaming experience. Total revenue for the first nine months 2022 decreased $102 million, or 9%, compared to the first nine months 2021, driven by lower attendance partially offset by higher per capita spending. In the first nine months 2022, the company invested $73 million in new capital, net of insurance recoveries. Last year, the section of the park once known as Yankee Harbor -- decorated in the style of coastal New England upon the park's creation in 1976 -- got a superhero makeover and called DC Universe. Six Flags Magic Mountain will welcome the world's tallest and longest single-rail coaster to its world-record line-up next year. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we make no assurance that such expectations will be realized and actual results could vary materially. Six Flags Great America guests enter the line for the Maxx Force ride in Gurnee. A list of events in 2023 related to Six Flags. . In addition, there were increased operating days in first half 2022 compared to the prior year period, which was negatively impacted by pandemic-related closures and operating restrictions. Karie Angell Luc/for the Daily Herald, 2021. If you have the newer Annual passes like . The main announcement: Pirates of Speelunker Cave, is a re-imagined boat-like ride that will "place guests squarely in the middle of a pirate treasure hunt thwarted by resident . Six Flags America Shuts Down 2 Areas Indefinitely, Kentucky Kingdom Retires T3 Roller Coaster, Recapping OSUs SITE 2023 Student-led Conference, Review: Serengeti Flyer at Busch Gardens Tampa. Texans celebrate Cinco because a Texan led Mexicos victory. The definition for each of these non-GAAP financial measures is set forth below in the notes to the reconciliation tables. The following tables set forth a reconciliation of net income to Adjusted EBITDA for the three month and nine month periods ended October 3, 2022, and October 2, 2021: Third party interest in EBITDA of certain operations (4), Capital expenditures, net of property insurance recovery (5). April 30 Six Flags Hurricane Harbor Splashtown re-opens for the 2022 season. Based on our current federal net operating loss carryforwards, we anticipate paying minimal federal income taxes in 2022 and do not anticipate becoming a full cash taxpayer until at least 2024.